Purchase of Merchandise from Acme Wholesale Company

What transaction took place on April 5?

A. Purchase of merchandise from Acme Wholesale Company

B. Sale of goods to Acme Wholesale Company

Answer:

A. Purchase of merchandise from Acme Wholesale Company

The transaction that took place on April 5 involved the purchase of merchandise from Acme Wholesale Company. This means that the individual or entity acquired goods or products from Acme Wholesale Company on that specific date.

In a business context, purchasing merchandise is a common activity where businesses acquire goods for resale or further processing. It involves the transfer of ownership of goods in exchange for payment.